Marriott Vacations Worldwide (NYSE:VAC) Price Target Lowered to $74.00 at Barclays

Marriott Vacations Worldwide (NYSE:VAC) had its target price decreased by research analysts at Barclays from $82.00 to $74.00 in a note issued to investors on Thursday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective would suggest a potential downside of 1.19% from the stock’s current price.

A number of other research analysts also recently commented on the company. Stifel Nicolaus reduced their price target on Marriott Vacations Worldwide from $108.00 to $96.50 and set a “buy” rating for the company in a report on Friday, September 13th. StockNews.com lowered shares of Marriott Vacations Worldwide from a “hold” rating to a “sell” rating in a research note on Friday, July 19th. JMP Securities dropped their price target on Marriott Vacations Worldwide from $115.00 to $90.00 and set a “market outperform” rating on the stock in a research report on Friday, August 2nd. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Marriott Vacations Worldwide from $121.00 to $95.00 and set a “buy” rating for the company in a report on Tuesday, August 6th. Finally, Mizuho cut their price objective on shares of Marriott Vacations Worldwide from $128.00 to $126.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company. Based on data from MarketBeat.com, Marriott Vacations Worldwide presently has a consensus rating of “Hold” and an average price target of $96.65.

Marriott Vacations Worldwide Stock Up 1.7 %

Marriott Vacations Worldwide stock traded up $1.27 during midday trading on Thursday, hitting $74.89. 25,987 shares of the company were exchanged, compared to its average volume of 474,864. The company has a debt-to-equity ratio of 2.21, a current ratio of 3.28 and a quick ratio of 2.72. Marriott Vacations Worldwide has a fifty-two week low of $67.28 and a fifty-two week high of $108.57. The company’s fifty day moving average price is $75.34 and its 200-day moving average price is $87.65. The company has a market cap of $2.63 billion, a PE ratio of 13.84, a price-to-earnings-growth ratio of 0.70 and a beta of 1.81.

Marriott Vacations Worldwide (NYSE:VAC) last announced its earnings results on Wednesday, July 31st. The company reported $1.10 earnings per share for the quarter, missing the consensus estimate of $1.99 by ($0.89). Marriott Vacations Worldwide had a net margin of 3.41% and a return on equity of 9.89%. The firm had revenue of $1.14 billion during the quarter, compared to analysts’ expectations of $1.21 billion. During the same quarter last year, the company posted $2.19 earnings per share. Marriott Vacations Worldwide’s revenue for the quarter was down 3.2% compared to the same quarter last year. On average, research analysts predict that Marriott Vacations Worldwide will post 6.11 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Jason P. Marino purchased 700 shares of the business’s stock in a transaction dated Wednesday, September 11th. The stock was bought at an average price of $69.00 per share, with a total value of $48,300.00. Following the acquisition, the insider now owns 15,851 shares in the company, valued at approximately $1,093,719. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 1.70% of the company’s stock.

Hedge Funds Weigh In On Marriott Vacations Worldwide

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Retirement Systems of Alabama grew its holdings in Marriott Vacations Worldwide by 0.3% in the first quarter. Retirement Systems of Alabama now owns 41,478 shares of the company’s stock worth $4,468,000 after purchasing an additional 109 shares during the period. Diversified Trust Co increased its stake in shares of Marriott Vacations Worldwide by 3.0% in the first quarter. Diversified Trust Co now owns 3,833 shares of the company’s stock worth $413,000 after purchasing an additional 112 shares in the last quarter. Covestor Ltd increased its stake in shares of Marriott Vacations Worldwide by 10.5% in the first quarter. Covestor Ltd now owns 1,670 shares of the company’s stock worth $180,000 after purchasing an additional 159 shares in the last quarter. Yousif Capital Management LLC increased its stake in shares of Marriott Vacations Worldwide by 1.2% in the first quarter. Yousif Capital Management LLC now owns 15,663 shares of the company’s stock worth $1,687,000 after purchasing an additional 180 shares in the last quarter. Finally, State of Michigan Retirement System grew its stake in Marriott Vacations Worldwide by 2.5% during the first quarter. State of Michigan Retirement System now owns 8,113 shares of the company’s stock valued at $874,000 after acquiring an additional 200 shares in the last quarter. 89.52% of the stock is currently owned by institutional investors and hedge funds.

About Marriott Vacations Worldwide

Marriott Vacations Worldwide Corporation, a vacation company, develops, markets, sells, and manages vacation ownership and related businesses, products, and services in the United States and internationally. It operates through two segments, Vacation Ownership and Exchange & Third-Party Management.